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Dec 28, 2012
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housing was already expensive in places like california and hawaii because of land use laws from the 1960's. second, if you look to the community reinvestment act, if you think that is the cause of the bubble, you have to explain why there was not a bubble in houston, raleigh, n.c., that winter? -- atlanta? it applied to those cities just as much as san francisco and miami, yet there were bubbles there and no balls in houston, omaha, -- bubbles in houston, ohio, -- global hawk, where have you. host: you conclude the book with "home ownership is not just an american dream, a dream of people all over the world. guest: that is absolutely right. a lot of research has shown that homeownership is one way to help people get out of poverty. if you want to start a small business, it turns out most are started with a loan on a business owner's home. if you want to put your kids through college, you can borrow against your home. homeownership is a way to build wealth. yet we have government saying we should get more people into apartments, fewer people into cinder the -- single-family homes. ho
housing was already expensive in places like california and hawaii because of land use laws from the 1960's. second, if you look to the community reinvestment act, if you think that is the cause of the bubble, you have to explain why there was not a bubble in houston, raleigh, n.c., that winter? -- atlanta? it applied to those cities just as much as san francisco and miami, yet there were bubbles there and no balls in houston, omaha, -- bubbles in houston, ohio, -- global hawk, where have you....
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Dec 28, 2012
12/12
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something he laid out lines friday before christmas here in the white house briefing room before he went to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for everyone else. secondly extend unememployment insurance for about two million people who will be losing it a few days from now at the end of the year. finally he refer to possibility of smaller bit ever spending cuts. not major entitlement rerecall to. not major cuts to medicare like had been on the table in so-called plan a, the $4 trillion debt deal he and john boehner had been talking about for weeks. so we might see a small bit of spending cuts just to stave off the sequester, the massive amount of spending cuts that will kick in at the beginning of the year to harm the pentagon and other agencies. if they are getting anything, there are low expectations but if they get anything it will be a very small deal, something much smaller than they have been talking about for weeks, jon. jon: there aren't too many people these meetings. so a little hard to
something he laid out lines friday before christmas here in the white house briefing room before he went to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for everyone else. secondly extend unememployment insurance for about two million people who will be losing it a few days from now at the end of the year. finally he refer to possibility of smaller bit ever spending cuts. not major entitlement rerecall...
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Dec 28, 2012
12/12
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it's the first full day for brian schatz he was sworn in in hawaii. he's replacing daniel inouye who passed away. president obama will have to look for a new epa chief now that lisa jackson resigned. she'll officially step down after the state of the union. the chief of staff is saying, quote, put the hearts back in the closet. he remains in guarded condition at a houston hospital. >>> massachusetts congressman ed markey is the first to officially throw his hat in the ring for a special election. mark -- the democrat has never run a statewide race. scott brown is the overwhelming favorite to run on the republican side. it's that time of the year again, jib jab's year in review. ♪ big scandals everywhere ♪ we kept obama care ♪ a hard-fought election ♪ they kicked us in the year ♪ the end is here ♪ it's no yew pretending ♪ i'm not going to let this trending ♪ ♪ 2012 ♪ the end is here >>> that's just a taste. check out more on our facebook page at facebook/jans & co. >>> president obama will sit down with top leaders to try to avoid t
it's the first full day for brian schatz he was sworn in in hawaii. he's replacing daniel inouye who passed away. president obama will have to look for a new epa chief now that lisa jackson resigned. she'll officially step down after the state of the union. the chief of staff is saying, quote, put the hearts back in the closet. he remains in guarded condition at a houston hospital. >>> massachusetts congressman ed markey is the first to officially throw his hat in the ring for a...
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Dec 28, 2012
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if you remember one week ago today, before he left for hawaii, the president came into the white house briefing room in the evening and basically said this is what the plan should be. >> the next few days i've asked leaders of congress to work towards a package that prevents tax hikes on middle corral americans, unemployment insurance for 2 million americans and lays the ground work for further work on growth and deficit reduction. that's an achievable goal. >> you can see three points, the president wants to protect the middle class tax cuts, forget about extending tax cuts for higher incomes but adds 2 million people about to lose unemployment if there's no deal, and then finally, some small spending cuts but punt the bigger ones like medicare reform, for example, until next year. the president thinks it's achievable. we'll see. >> as soon as the meeting breaks up we'll bring it to you live. if lawmakers cannot reach a deal by january 1 we could feel pain in our first paycheck next year, as in next week. for the millions of americans out of work, unemployment checks would dry up as w
if you remember one week ago today, before he left for hawaii, the president came into the white house briefing room in the evening and basically said this is what the plan should be. >> the next few days i've asked leaders of congress to work towards a package that prevents tax hikes on middle corral americans, unemployment insurance for 2 million americans and lays the ground work for further work on growth and deficit reduction. that's an achievable goal. >> you can see three...
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Dec 28, 2012
12/12
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we know president obama called the top four congressional leaders last night on his way back from hawaii. tomorrow afternoon at the white house will be a meeting between the president and those top four congressional leaders and earlier the top senate democrat expressed concern or frustration saying you cannot legislate with yourself. >> the republicans in the house have left town. the negotiations between the president and the speaker have fallen apart as they have for the last three and a half years. we have tried mightily to get something done. >> now, perhaps in an effort to address that we know late today senator reid who you heard from there went to meet with his counter part senator mcconnell the top republican in the senate, perhaps talking about what it will take to bring some republicans along on a potential deal. harris? >> harris: a lot of energy spent on all this going back and forth. in fact, leading republicans suggesting a great deal of time has been wasted on politics. >> that is precisely right. they note that the house republicans tried to address the issues this summe
we know president obama called the top four congressional leaders last night on his way back from hawaii. tomorrow afternoon at the white house will be a meeting between the president and those top four congressional leaders and earlier the top senate democrat expressed concern or frustration saying you cannot legislate with yourself. >> the republicans in the house have left town. the negotiations between the president and the speaker have fallen apart as they have for the last three and...
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Dec 28, 2012
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meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white house believes is already, pretty clearly, the framework for a final deal, and he can also
meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific?...
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Dec 28, 2012
12/12
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he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very nice commute this morning. 237, those taillights there on the far right hand side of your screen w
he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and...
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Dec 28, 2012
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this i am flying back from hawaii and see if i can bring them back together. they are far apart as they have been. >> kelly: why are they having the meeting? because of the talk and rhetoric is ramping up and the agreement is going down. i mean, for example, senate majority leader harry reid is name calling and calling john boehner a dictator . this is what he had to say. >> the american people i don't think the house representative is operating without the house of representative. it is being operated with a dictatorship of the speaker not allowing the vast majority of the house and representatives to get what they want. >> that sounds ridiculous f. it was a dictatorship boehner would have gotten that vote and he couldn' get the vote. what we should do honestly guys, is swan dive ov the fiscal cliff. let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be
this i am flying back from hawaii and see if i can bring them back together. they are far apart as they have been. >> kelly: why are they having the meeting? because of the talk and rhetoric is ramping up and the agreement is going down. i mean, for example, senate majority leader harry reid is name calling and calling john boehner a dictator . this is what he had to say. >> the american people i don't think the house representative is operating without the house of representative....
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Dec 28, 2012
12/12
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that's why we have the president flying back from hawaii. that's why we have republicans coming in on sunday even though neither side expects it to change any. the great line in this story, the talking bint it they have is the lines of communication remain open, but all are reporting that the lines of communication may remain open but they're not saying anything. they're negotiating out loud. it's like when you send an e-mail and put your boss on it or copy the whole office. you're not trying to persuade but make your point. >> i'll never do that. richard wolf, are you still awake down there. >> i am. i go to starbucks. >> let me ask you this unearned sense of optimism that seeps out between talk of going over the cliff. we'll go over the cliff but get a deal done within the next two weeks after january 1st. why am i thinking maybe they won't get a deal done? >> right. why? because you watched these idiots try to come up with a deal sore. they didn't have an agreement with the recovery act and republicans didn't want to step up then. we're t
that's why we have the president flying back from hawaii. that's why we have republicans coming in on sunday even though neither side expects it to change any. the great line in this story, the talking bint it they have is the lines of communication remain open, but all are reporting that the lines of communication may remain open but they're not saying anything. they're negotiating out loud. it's like when you send an e-mail and put your boss on it or copy the whole office. you're not trying...